Nezone Tubes Limited Vs. DCIT, Circle-1(1), Kolkata
Case No: ITA Nos.: 179 & 180/KOL/2025
Court: INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘C’ BENCH, KOLKATA
Date: 1/13/2026
Parties Involved
AppellantNezone Tubes Limited
RespondentDCIT, Circle-1(1), Kolkata
Facts Summary
The assessee, Nezone Tubes Limited, is engaged in the business of manufacturing M.S. Pipes and Galvanized Pipes. For AY 2011-12, the assessee filed its return of income on 23.09.2011 showing total income of ₹8,79,96,137/-. A search and seizure action was conducted on 01.08.2012, and the assessee filed its return of income on 23.08.2013 declaring total income of ₹8,75,36,416/-. The assessment was completed on 29.08.2014 at the returned income of ₹8,75,36,420/-. The case was reopened based on info…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the reassessment proceedings for AY 2011-12.
- 2. Validity of the reassessment proceedings for AY 2015-16.
Precedents Relied Upon
3 precedents cited in this judgement.